Monday 2 May 2016
 
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Oil prices retreat on Opec output boost

Oil prices retreated from 2016 highs on Monday as rising production in the Middle East outweighed a decline in US output and a sliding dollar. Crude production by the Organization of the Petroleum Exporting Countries rose in April

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Oil falls on rising Opec crude production

Oil prices dipped in early Asian trade on Monday as rising production in the Middle East outweighed falling US output and the recent slide in the dollar, which has been supporting crude. Brent futures LCOc1 were trading at $47.05

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Oil could trade above $60 in 2017: report

Oil supply growth by Opec countries will not match the output declines being experienced by non-Opec producers and this could lead to higher crude prices next year, says a report.  To balance the oil market by 2020, US oil and gas

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Oil price bottoming depends on global growth: IEA

International Energy Agency (IEA) chief Fatih Birol said on Sunday that oil prices may have bottomed out, providing that the health of the global economy does not pose a concern. Oil prices hit 2016 highs on Friday with Brent crud

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Brent oil in biggest monthly gain in 7 years

Brent crude was heading for its biggest monthly rise in seven years on Friday, touching 2016 highs as a weak dollar and falling U.S. production tempered concerns about an excess of physical oil. A looming rise in Middle East outpu

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Opec oil output near record high in April

Opec's oil output rose in April to close to the highest level in recent history, a Reuters survey found on Friday, as production increases led by Iran and Iraq more than offset a strike in Kuwait and other outages. Top exporte

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Oil jumps to fresh 2016 highs as dollar drops

Oil prices jumped about 3 per cent on Thursday, hitting new highs for 2016 as the dollar weakened after the Federal Reserve announced it would leave US interest rates unchanged. Oil had risen early, the day after an industry group

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Oil jumps to fresh 2016 highs as dollar drops

Oil prices jumped about 3 per cent on Thursday, hitting new highs for 2016 as the dollar weakened after the Federal Reserve announced it would leave US interest rates unchanged. Oil had risen early, the day after an industry group

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Oil producers to discuss freeze at June Opec talks

Oil-producing nations will discuss an oil output freeze at Opec's meeting in June, a senior Saudi oil advisor said on Thursday, keeping open the prospect of action to boost prices despite the collapse of talks on a deal in Doha.

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IEA sees biggest non-Opec output fall in 25 years

Crude prices firmed on Thursday after the International Energy Agency (IEA) said 2016 would see the biggest fall in non-Opec production in a generation, helping to rebalance a market dogged by oversupply. IEA chief Fatih Birol sai

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